Elys Sport Technologies Drops Canada Fairness Listing

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Posted on: January 1, 2022, 03:37h. 

Previous updated on: January 1, 2022, 03:37h.

Elys Match Technologies (NASDAQ:ELYS), a gaming technologies service provider, delisted its Canada-traded shares.

Elys Game Technologies CEO Matteo Monteverdi. The enterprise is delisting in Canada, but will continue on investing in the US. (Impression: Proactive Traders)

The final decision comes practically a yr to the day that the sports activities betting and interactive gaming technological know-how enterprise introduced a listing on Canada’s NEO Trade. That exchange, which drives about 13 per cent of annual buying and selling volume in Canada, is household to over 100 shares and money.

The company has voluntarily delisted from the NEO at the shut of buying and selling on Wednesday, December 29, 2021, and its shares of frequent stock will continue to be stated and trade on Nasdaq below the image ELYS,” according to a statement issued by Elys.

With a marketplace capitalization of just $71.42 million, Elys is one of the lesser publicly buying and selling companies with athletics wagering publicity.

Rough Yr for Elys Stock

Like so a lot of athletics wagering equities, Elys Recreation Technology languished by means of a tough 2021 with the shares shedding 48.64 percent.

Elys starts off 2022 right after sliding 11.4 per cent in the closing 7 days of final calendar year and 63.41 p.c down below its 52-week high. Having said that, there may be some rays of hope for the downtrodden gaming inventory to start off the new calendar year.

Past yr, the business gained a license to run retail sportsbooks in Washington, DC. The Elys allow in Washington, DC might be the consequence of the company’s acquisition of Bookmakers Company US, which was announced in early July. At that time, it was revealed the organization, acknowledged as US Bookmaking (USB), has a assistance agreement in Washington, DC that goes into outcome later on this year.

Past month, the business said thirty day period-in excess of-thirty day period bet tickets improved 200 percent in November at its Washington, DC operation. Revenue jumped to $67,000 from $43,000 in Oct.

International Attract

In late December, Elys introduced a new partnership with Playtech, leveraging its Newgioco brand to expand its presence in the Italian iGaming industry. Which is suitable simply because Italy is the Eurozone’s third-largest economic climate and house to a experienced, vivid gaming marketplace.

“With the Playtech collection of gaming information, Elys’ on line and cell casino now involves 31 providers that offer customers in Italy up to 1,300 slots as very well as 100 tables and dwell seller online games. This gaming content is presented by way of Newgioco,” in accordance to a statement.

Thanks to the aforementioned USB acquisition, Elys has exposure to four US states. The corporation mentioned it plans “to set up a substantial presence” in equally Canada and the US in the coming months.